This is an archived tutorial from the kirupa.com legacy collection. It covers software that may no longer be available, but it is kept online because the ideas still hold up.
One of the most baffling concepts to understand in flash is the preloader; which unfortunately is also one of the most important feature needed for large movies. Many people like to have a loading bar (which is quite hard). This tutorial will show you how to easily make a loading bar by using a Flash MX Component.
[ You will create the loader for the above animation ]
Download the source file and the component required below. The source does not contain the loader you will create that yourself.
Before you can install the Extension file, you will need to get Macromedia extension manager 1.5 or later. Click here to download it. Make sure you install the Extension file using the Macromedia Extensions manager.
Once you have the above files and the Extension Manager downloaded, follow the directions to get your animation configured:

[ your timeline should look like above image ]

[ how your timeline should look now ]
Hope this is helpful!
-Tom
http://www.typhoon-extensions.cjb.net
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